Akel has historically taken a moderate line on the island's future, and Turkish doves were dismayed by its refusal to endorse the plan.

ECONOMIST: Cyprus

Mr Callaghan spent his last years in office implementing spending cuts mandated by the IMF, to the fury of his party, and John Major often alienated his Tories with tax rises and a moderate line on Europe.

ECONOMIST: Gordon Brown's next six months

This was a moderate gain and in line with the expectations of observers.

FORBES: Buffett And Graham And Dreman--Oh Buy!